The government announced revised Angel Tax regulations, preserving the five valuation methods from the draft rules. They introduced a mechanism for determining the fair market value of Compulsorily Convertible Preference Shares (CCPS) for both resident and non-resident investors. The rules, effective from September 25, also allow for minor valuation discrepancies, aiming to minimize inconvenience for investors.
Get latest articles and stories on India at LatestLY. The income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. India News | I-T Notifies 'Angel Tax' Rules for Valuing Investments in Startups.
Tax Department Notifies Angel Tax Rules For Valuing Investments In Startups freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Angel tax (income tax at the rate of 30.6 per cent) will be levied when an unlisted company issue shares to an investor at a price higher than its fair market value. The new rules will be effective from September 25.
The finance ministry has brought out final valuation rules applicable to foreign investments into unlisted shares in India to determine whether it entails a premium ..